The founding assembly of the Red Sea National Company for Refining and Petrochemicals (RSNCRP) has selected Major General Eng. Abdel Baset El Sayeh as its new Chairman.

Saudi Basic Industries Corporation (SABIC) has denied interest in acquiring Clariant chemicals company.

Al Yasat Petroleum Company has awarded a Front End Engineering Design (FEED) services contract to the National Petroleum Construction Company (NPCC) and Petrofac Company for the Belbazem Block Development Project.

The facility will help serve a number of industries, such as oil and gas, construction, automotive, packaging, and renewable energy.

SABIC has renewed its partnership agreement with JSMC for another 20 years in a $1.35 billion deal.

Saudi Aramco and Malaysia’s Petroliam Nasional Berhad (Petronas) have begun operations at their new naphtha cracker